[Kavvy]

Originally Posted by Tron_fdc

Well hang on to your steering wheel Redvan, because if the NDP has its way Ontario is childs play vs what will happen here.

I just saw Chees's bill breakdown. That's nothing.

His highest price was $0.18/kWh. For reference the Ab market is running around $0.03/kWh and our market is capped at $1.00/kWh. $1.00/kW is basically armagedon on your bill and in the industry.

The only time Alberta has EVER hit the $1 cap was when we had more demand than supply, and that was not normal.

The NDP has decided to drive the price up on power, making it more attractive for renewables. Rule of thumb: renewables need $0.07/kWh to hit an attractive ROI. In order to drive up the price, these idiots have decided to choke off coal gen supply BEFORE BUILDING OUT REPLACEMENT CAPACITY.

Our market is 100% de regulated. The second the demand hits a level that is above supply, peaking plants start bidding in generation capacity at $0, meaning they will take whatever the pool price is at. This creates a scenario where it is very easy to push up the spot price; meaning you are going to hit astronomic levels very quickly while the system operator buys power to maintain a stable grid.

Ontario's $0.18/kWh is nothing. I won't be surprised to see $0.30/kWh as a norm here, with daily levels hitting that $1 mark. Your usage cost on a 700kWh home (2500 sq ft) is $210.00 at $0.30/kWh. That's energy only.

Also, last time I calculated Enmax's trans&Dist cost there was a multiplier in there for spot price of power (or what they thought it was going to be), so expect those charges to change too. Throw in all the other bs like access fees, rate riders, etc and I'm not going to be shocked at seeing $500 monthly POWER bills on my house.

At what point does it make more sense to burn my garbage for heat, and buy diesel to run my emergency generator for electricity? So much for the environment.

Net metering was supposed to be a solution to reduce your household load (solar panels), but even that's been exploited by Enmax and turned into a total rip off. Don't even get me started on that load of horse sh*t Enmax is trying to sell.

Again, the big winners here will be the power producers, and the retailers with any type of generation like Enmax, Epcor etc etc. Albertans are going to line their pockets for YEARS until the supply side is built out.

How do I invest in a natural gas plant?